• cmhe@lemmy.world
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    1 day ago

    Valve is private and already takes a 30% cut.

    Yes. That is rather high, but AFAIK the same on Xbox, PlayStation and GOG. Itch.io is on 10%.

    It’s not possible for valve OR epic to enshit according to the definition of the word.

    What do you mean by that? Enshittyfication is when companies try to offer a good platform first to reach many content producers and consumers and then, once the consumers and producers depend on the platform, it goes bad for them in order to favor profits of the company owners or stakeholders.

    Just because a company is private, it can still change to favor short term money extractions from all their customers.

      • cmhe@lemmy.world
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        24 hours ago

        I don’t really understand what it is I would be wrong about. Is it about the word “shareholders” in the wiki instead of “owners”, what I called them?

        Shareholders of a private company is often a small group of individuals or just one person, and they can also be called the owners. “Private” means the shares are not traded publicly.

        A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation.

        https://en.m.wikipedia.org/wiki/Shareholder